Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Colonial Trust Co SC

Colonial Trust Co SC raised its stake in Dell Technologies Inc. (NYSE:DELL) by 641.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 482 shares of the technology company’s stock after purchasing an additional 417 shares during the period. Colonial Trust Co SC’s holdings in Dell Technologies were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new position in Dell Technologies in the fourth quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies during the 4th quarter worth about $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth about $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Dell Technologies during the 4th quarter worth about $37,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $96.02 on Friday. The company has a market cap of $67.01 billion, a P/E ratio of 16.96, a PEG ratio of 1.10 and a beta of 0.99. The firm has a fifty day moving average of $90.16 and a two-hundred day moving average of $109.08. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were given a $0.525 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.19%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Analysts Set New Price Targets

DELL has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Wells Fargo & Company cut their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Barclays upped their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. dropped their price target on Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $134.65.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).